VICTORIA - British Columbia is changing its decades-old royalty system, the fees it charges companies to extract publicly owned oil and gas, in an effort to align with provincial climate goals. Premier John Horgan says the "broken system" of fossil-fuel subsidies doesn't fit with his government's climate goals or ensure people benefit from the resources. Horgan says the province will eliminate the deep well royalty program, which is the largest oil and gas subsidy, while the minimum [Read more]
Kenney urges U.S. senators to convince Michigan to stop Line 5 shutdown
WASHINGTON - Premier Jason Kenney is urging the U.S. government to convince Michigan to abandon its legal campaign against the Line 5 pipeline. He's also floating the idea of a new bilateral pipeline project to help both Canada and the United States establish energy security. Kenney is testifying today before members of the Senate Committee on Energy and Natural Resources. He registered Alberta's disdain for the fact the U.S. is turning to countries like Saudi Arabia to meet its energy [Read more]
Average price for gasoline in Canada tops $2 a litre for first time
Gasoline prices are showing no signs of letting up as the average price in Canada tops $2 a litre for the first time. Natural Resources Canada says the average price across the country for regular gasoline hit $2.06 per litre on Monday for an all-time high. The average was a nine-cent jump from the $1.97 per litre record set last week, and is up about 30 cents a litre since mid-April. Prices averaged about $2.34 a litre in Vancouver on Monday, while in Toronto the average was almost [Read more]
Kenney visits U.S. capital to talk North American energy security
WASHINGTON - Alberta Premier Jason Kenney is in Washington in an effort to convince Capitol Hill lawmakers that his province is their best bet for North American energy security. Kenney is meeting with journalists today in advance of his testimony Tuesday before the Senate Committee on Energy and Natural Resources. That hearing, to explore the "energy and minerals" partnership between Canada and the U.S., will also feature virtual testimony from Natural Resources Minister Jonathan [Read more]
Former B.C. premier says Canada has taken a back seat to others in LNG market
VANCOUVER - Former British Columbia premier Christy Clark says Canada’s natural gas industry is losing ground internationally because of government over-regulation, while Australia makes more gains in the Pacific market. Speaking as part of a panel on North American energy security at the Canada Gas and LNG conference Thursday, Clark said regulation certainty and simplicity is needed with less overreach from the federal government. Clark, who is now an adviser at the law firm Bennett [Read more]
Kenney heading to U.S. to talk oil, energy security with lawmakers
EDMONTON - Alberta Premier Jason Kenney will head to Washington D.C. next week to speak to lawmakers about the importance of getting more oil from Canada. Kenney will speak to the U.S. Senate Committee on Energy and Natural Resources about Alberta’s role in strengthening North American energy security. Kenney has said Russia’s invasion of Ukraine has amplified global energy concerns and highlighted the need for a better-integrated North American energy network. The appearance comes [Read more]
White House, senators have ‘sympathy’ for Canada’s position on Line 5, says Wilkinson
WASHINGTON - Canada's natural resources minister says he is hearing "significant sympathy" from U.S. officials for the plight of the Line 5 pipeline. Jonathan Wilkinson is in Washington, D.C., for meetings with lawmakers, Biden administration officials and Energy Secretary Jennifer Granholm. Wilkinson says that while Canada is focused on keeping the cross-border pipeline operating, the government is also exploring contingency plans in the event a court orders it shut down. The state of [Read more]
Ottawa approves $10B loan guarantee for the Trans Mountain pipeline project
OTTAWA - The federal government has approved a new, approximately $10-billion loan guarantee for the Trans Mountain pipeline project. The guarantee was approved by cabinet on April 29 through the Canada Account at crown corporation Export Development Canada, which provides loan guarantee supports for Canadian businesses. EDC's website said the Canada Account is used to support projects which are in Canada's national interest, but which are subject to significant risks including project [Read more]
N.L. oil regulator releases call for offshore exploration bids after federal delay
ST. JOHN'S, N.L. - Newfoundland and Labrador's oil industry regulator is releasing its 2022 call for bids on new offshore exploration licences. The Canada-Newfoundland and Labrador Offshore Petroleum Board is inviting oil companies to bid on licences for 38 parcels of land totalling almost 100,000 square kilometres off Newfoundland's east coast. Ottawa delayed the call for bids in late March by about a month and a half because it wanted more time to review the process. The delay caused [Read more]
Scotiabank no longer a member of CAPP
CALGARY - Scotiabank is no longer a member of the oil and gas lobby group Canadian Association of Petroleum Producers. The bank has had a long-running relationship with CAPP and was the title sponsor of the group's annual energy symposium for many years. Scotiabank declined to provide a reason for its exit, but confirmed in an email that it did not renew its associate membership in CAPP in 2022. Scotiabank was the only major Canadian bank to hold a membership in CAPP. At its most [Read more]
- « Previous Page
- 1
- …
- 73
- 74
- 75
- 76
- 77
- …
- 539
- Next Page »